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2025-10-31-accounts

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

Company No: 03364718 (England and Wales) Registered Charity Number 1112580

LEEDS RUGBY FOUNDATION (A Charitable Company Limited by Guarantee)

Annual Report For the Year Ended 31 October 2025

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

CONTENTS

Page
Legal and Administrative Information 1
Chair and Chief Executive Officer’s Report 2
Trustees’ Report (Including Directors’ Report) 4
Independent Auditor’s Report 10
Consolidated Statement of Financial Activities 14
Consolidated Balance Sheet 15
Charity Balance Sheet 16
Consolidated Statement of Cash Flows 17
Notes to the Financial Statements 18

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees M Pexton Chair
S Atkinson Appointed 19 December 2024
M Birkinshaw Resigned 31 March 2025
K Brown Resigned 17 December 2025
N H Clephan OBE Resigned 29 April 2025
L C Flowers Appointed 19 December 2024
P A Hill
J D P Jones-Buchanan MBE Resigned 29 April 2025
J T Pearce Appointed 19 December 2024
J D Pryor
S Taylor Appointed 19 December 2024
F E Venner Resigned 28 October 2025
S M Ward
N A Wilson
Company Secretary P A Hill
Senior Leadership Team B Bowman QPM Chief Executive Officer
N Hamid FCCA Head of Finance & Resources
D Busfield Head of Partnerships & Developments
G Cook Head of Communities & Engagement
Registered and principal office AMT Headingley Rugby Stadium
St Michaels Lane
Leeds
LS6 3BR
Company registration number 03364718 (England and Wales)
Charity registration number 1112580
Auditor AAB Audit & Accountancy Limited
Gresham House
5-7 St Paul's Street
Leeds
LS1 2JG
Bankers Barclays Bank Plc
Leeds 2
Leicester
LE87 2BB
Virgin Money
94-96 Briggate
Leeds
LS1 6NP

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

CHAIR AND CHIEF EXECUTIVE OFFICER’S REPORT

FOR THE YEAR ENDING 31 OCTOBER 2025

Chair Dr Mariana Pexton

CEO Bob Bowman QPM

We are proud and pleased to present our report for the past financial year

Although disappointed we did not achieve our original budget target, resulting instead in a small loss, we are once again pleased with our performance set against our 2024-2030 Best Foundation Ambition.

In 2025, Leeds Rhinos Foundation celebrated a landmark year of impact, engagement and growth, marking 20 years of ‘changing lives through the power of sport’. The year was littered with unforgettable moments on the pitch at AMT Headingley Rugby Stadium and beyond.

In April, the Foundation’s Community Integrated Care Learning Disability Super League (LDSL) squad featured in a curtain-raiser fixture, proudly supported by ENGIE UK, before returning to compete in Finals Day in October to round off another memorable season.

July also saw a historic milestone as the Wheelchair Development team faced Sheffield Eagles in the first-ever all-female Wheelchair Rugby League fixture, a significant step forward for representation and inclusion.

Participation across community rugby league continued to thrive. Match days in 2025 engaged 4,602 juniors, with 221 teams from 92 clubs taking part. This included 25 girls teams from 12 clubs, 5 rugby union clubs, 18 high schools and a range of charity, football and scout groups. A total of 638 juniors proudly formed the Guard of Honour. The Rhinos 9s Schools Finals welcomed 6 leading Leeds schools, with Sherburn High School (Year 7), The Morley Academy (Year 8) and Cockburn High School (Year 9) crowned champions. Over the summer more than 200 players aged U14–U17 represented their city in the annual North v South series.

Festivals and development events created further opportunities. The Girls Rhinos Fest welcomed over 50 players, while the Boys Rhinos Fest engaged 96 U12 and U13 players, supported by 8 community coaches, 4 referees and more than 100 parents.

Meanwhile, The Rhinos Challenge and Rhinos Challenge Netball Weekender attracted 383 rugby league teams and 80 netball teams; a combined 12,000 attendees.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

CHAIR AND CHIEF EXECUTIVE OFFICER’S REPORT

FOR THE YEAR ENDING 31 OCTOBER 2025

The annual Aspire CBS Tag Rugby Festival brought together over 80 staff and customers, and the Dance Spectacular saw 800 performers take to the pitch ahead of the Rhinos’ fixture against Leigh Leopards.

Holiday provision reached record levels, with more than 1,200 young people attending summer camps in Leeds and a further 200 participating internationally in Holland, Germany and Gibraltar. Camps also provided 20 young people aged 16–18 with Young Sport Leader opportunities. Netball residentials at Barnard Castle and Woodhouse Grove engaged over 100 aspiring athletes.

Health and wellbeing programmes continued to expand. The launch of MAN v FAT Rugby in Leeds has already supported 18 participants to lose a combined 80kg. Parkinson’s physical activity sessions, delivered in partnership with Flutter UK & Ireland, provided both stadium-based and pitch side experiences. Through partnership with Movember, more than 5,000 young people have now taken part in mental health workshops over 3 years, while 19 schools engaged in the Youth Endowment Fund’s Inspiring Futures programme, with over 200 pupils completing a 12-week course and achieving a Sports Leaders Qualification.

Fundraising efforts were equally inspiring. The ninth Leeds Big Sleep, delivered alongside St George's Crypt, welcomed over 200 participants and raised more than £40,000. 37 runners raised £23,155 at the Rob Burrow Leeds Marathon and Half Marathon, while over 100 participants in the Leeds 10K led by Lindsey Burrow.

On the performance pathway, the Leeds Rhinos PDRL side were crowned 2025 champions, lifting the Grand Final trophy, League Leaders’ Shield and Medequip Cup. Off the field, the return of Danny McGuire as Rugby League Impact and Growth Manager strengthened the Foundation’s long-term development strategy.

Finally, in May, the Foundation published its first Social Impact Report (covering our 2024 activity), revealing that for every £1 invested, £10.49 of social value is generated across more than 60 projects and initiatives, underpinning the impact of the Foundation’s ambitions and values. Special thanks to our staff team for their contribution.

………………………………… …………………………………

Dr M Pexton Chair

B Bowman QPM Chief Executive Officer

28 April 2026

28 April 2026

……………… ………………

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDING 31 OCTOBER 2025

The trustees (who are also directors of the charity for the purposes of company law) present their report and the audited financial statements of the charity for the year ended 31 October 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity, which are also prepared to meet the requirements for a director’s report and accounts for Companies Act purposes.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Companies Act 2006, and Accounting and Reporting by Charities: - Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, effective 1 January 2019.

Structure, governance and management

Constitution

Leeds Rugby Foundation is constituted under the Memorandum and Articles of Association dated 2 May 1997 (updated 18 April 2023) and is a registered charity, number 1112580. The company was granted charitable status on 21 December 2005 by the Charities Commission. On 6 October 2014, the charity changed its working name to Leeds Rhinos Foundation.

Leeds Rhinos Foundation the ‘Group’, comprises Leeds Rugby Foundation (the charity) and Leeds Rugby Foundation Services Limited (its trading subsidiary) and is overseen by the Board of Trustees (who are also referred to as the Directors).

The board of trustees met six times in the year to oversee the activities of the Foundation. In addition to reviewing financial and operational performance, the trustees consider strategy, planning, training, risk management and governance. To support the Board, a sub-committee focussing on Finance & Governance is established. The Board ensures that the sub-committee operates in accordance with approved terms of reference which provides regular reports on its activities.

The responsibility and reporting structure of the Foundation is set out by way of the company’s organisation chart which clearly demonstrates the structure. The Chief Executive Officer is responsible for the day to day operations of the organisation and is supported by Heads of Departments who report directly to this position; together, they form the Senior Leadership Team. The Senior Leadership Team identifies potential opportunities through enquiries, contacts and the organisation’s established strength and reputation. Each opportunity is carefully evaluated for viability, with a thorough assessment of associated risks. Those that are pursued are regularly monitored and reported to the trustees, with any identified risks or issues addressed.

The setting of pay and remuneration of all employees of Leeds Rhinos Foundation, including key senior management personnel, is in accordance with the Financial Management Policy. All roles are subject to job evaluation at the point of creation and whenever changes in responsibilities are required of the post holder.

Principal activity and objectives

The on-going principal aim and objective of Leeds Rugby Foundation during the period is that of the advancement and enhancement of the quality of life of the public generally, and in particular those living and/or working within Leeds and Yorkshire and any other surrounding areas through the promotion of education, development, teaching and training in sporting and academic skills.

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Foundation’s aims and objectives and in the planning of future activities.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDING 31 OCTOBER 2025

Our objectives: -

Our aims: -

Details of our significant activities are provided in the Chair and Chief Executive Officer’s report.

Fundraising

As a charity we rely on donations from individuals and organisations. Fundraising income allows us to offer a range of activities aligned with our charitable objectives. All fundraising activities are conducted in accordance with the standards expected of charitable organisations, as set out in the Code of Fundraising Practice. Relative to all fundraising, we as trustees ensure that Leeds Rugby Foundation adheres to the following key principles and procedures: -

Related parties

In order to meet the objectives of the charity, a close working relationship has been developed with Leeds Cricket, Football and Athletic Company Limited (“LCF&A”). LCF&A provide administrative support and the use of premises to enable the charity to meet its objectives; these costs are charged via invoice as ‘Provision of Services’ fees.

No trustees received any remuneration or other benefit from their work with the charity and a full list of related parties and transactions are mentioned at note 25.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDING 31 OCTOBER 2025

Trustees

The trustees who have served during the year and since the year-end are as listed on page 1. They come from diverse backgrounds and bring a variety of different skills and experience, in line with the trustee development framework. These wide ranging perspectives encourage debate, improve decision making and governance and provide guidance when necessary to both the board and staff.

The Board of Trustees continues to focus on governance and trustee development. The Foundation is substantially compliant with the Code of Governance for Larger Charities and an annual cycle has been established which ensures that due attention is given by the board to governance, trustee development and succession, strategy, planning and risk. The effectiveness of the board is evaluated through an internal review on an annual basis.

The board can access professional advice where necessary and governance issues are reviewed, discussed and implemented where required. As a result of the above approach the trustees are of the opinion that they are effective as a governing body.

None of the trustees have any beneficial interest in the company. All of the members of the company guarantee to contribute £10 in the event of a winding up.

New trustees

Members of the Board of Trustees are appointed with the aim that each appointee brings individual skills, divergent thinking, diversity and knowledge to the Foundation so all areas of responsibility and governance are covered.

The recruitment procedure has been updated and trustee opportunities are advertised through social media, the website and word of mouth, so that suitable candidates can apply by submitting a letter of application to the Chair setting out their qualities and the contribution they can make. There is a selection and interview process against the criteria set out in the advert, with a recommendation to the board being made by the Chair and appointment being confirmed by ordinary resolution.

As part of their induction, new trustees are provided with the Memorandum and Articles of Association, statutory and latest management accounts, the annual report, and other key documents setting out their responsibilities as trustees in accordance with the Charity Code and the Essential Trustee guide. Additionally, there are other induction opportunities, such as a tour of the stadium and visits/shadowing of various Foundation activities and access to other trustees and the CEO for any questions or background.

Existing trustees

In accordance with the Articles of Association, trustees are appointed for a three year term after which they must retire but may be subject to re-election.

An ordinary resolution is then proposed to reappoint individual trustees where applicable.

Financial review

The year end result for the Group was a deficit of £9,115; the original budget was set at a surplus of £2,208.

The Foundation has continued to provide and expand its services, despite ongoing challenges and pressures. Turnover increased by 3% compared to the previous year, primarily driven by growth in service delivery and an increase in donations and grant funding. This has enabled the organisation to sustain and further develop its services, ensuring continued support for those who rely on us.

Expenditure increased by 4% compared to the previous year. This rise was slightly higher than anticipated and reflects the increase in income and the expansion of our services. We continue to seek efficiencies wherever possible, with particular focus on maximising staff productivity, as staffing remains our largest area of expenditure.

Overall net assets decreased by 2% compared to the previous year.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDING 31 OCTOBER 2025

Risk management

The Trustees and Executive Management recognise that effective risk management is essential to good governance. Risk management should form an integral part of the decision-making process and is conducted on all new activities and projects to ensure alignment with the organisation’s policies and objectives. Any material risks identified are assessed, analysed and formally reported.

Risk management is undertaken on a continuous basis with areas of concern highlighted by management for consideration by the board. A formal review of the risk management framework is undertaken at least once each financial year.

Factors likely to affect future financial performance and position would be:

Reserves policy

The Group’s unrestricted funds as of 31 October 2025 were £478,579 (2024: £481,623). Total reserves on 31 October 2025 were £500,206 (2024: £509,320). Of these £21,627 (2024: £27,697) relate to restricted income received for a specific purpose but not fully spent at the year-end. In addition, £29,803 (2024: £49,061) relate to fixed assets held for the furtherance of the charity’s objectives which are being depreciated over their useful economic lives.

The trustees have reviewed the charity’s reserves in light of the current economic climate and inflationary pressures, taking into account the need to manage potential uncertainties in future income streams and to ensure funds are available to cover unforeseen operational costs and eventualities. The current reserves policy ensures that the level of free reserves provides a safeguard against future risks to the organisation, while balancing this with the need to maximise opportunities to advance the charity’s objectives.

The Foundation aims to maintain sufficient unrestricted reserves to withstand a severe but plausible six-month stress scenario. This scenario is defined as one in which global events trigger a significant surge in energy and commodity prices, causing a sharp rise in inflation, interest rates and unemployment, alongside a pronounced decline in GDP. The stress test forecasts future likely cash flows in order to determine the level of unrestricted funds required, which are not committed or invested in tangible fixed assets held by the charity, to survive the stress. The Trustees consider that the level of unrestricted funds required is currently £221,319.

Leeds Rhinos Foundation is holding free reserves of £448,776 (2024: £432,563). This level of free unrestricted reserves is considered sufficient, although the charity continues to implement cost-saving measures and pursues a strategy to grow its reserves through the generation of annual surpluses.

Monitoring and managing of cash flow is continually undertaken in relation to all income and expenditure within the entire Leeds Rhinos Foundation activities.

The reserves are held in accordance with the investment policy of the charity and in order that the funds are readily available, the liquid assets consist solely of cash and short-term debtors.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDING 31 OCTOBER 2025

Plans for future periods

The fundamental objectives of the Foundation are set out on page 2 of the Trustees’ Report.

This financial year was the second within our 2024-2030 Best Foundation ambition and we will continue to focus our growth and development centred around our 7P’s:

Power We will continue to refine and develop our data to best reflect the Foundation’s impact and subsequent social valuing/social return on investment.

Place We will work with Leeds Rhinos (the Club) to develop in-house facilities whilst also exploring external opportunities to both improve and increase sports/physical activity spaces in the city.

People We will continue to support and also increase our staff team in a prudent manner whilst creating a role to focus on staff development and training.

Products We will provide more focus on our health and inclusion programmes responding to the increased need within the city due to inequalities.

Partnerships We will use our partnership with Leeds Learning Alliance to provide more opportunities within the area of social mobility, meaning more young people reach their potential.

Future capital commitments

There are no future planned capital commitments at this stage.

Key performance indicators

Year ended 31 October 2025 Year ended 31 October 2024
Turnover: -
Unrestricted 1,234,868 1,181,604
Restricted 276,826 284,368
Staff Numbers - direct 38 41
Current Ratio 2.38 2.56
Reserves: -
Unrestricted 478,579 481,623
Restricted 21,627 27,697

Events since the year end and going concern considerations

There have been no material events occurring since the end of the year.

Conclusion

In their opinion the trustees consider the Foundation’s organisational and control measures are effective. They are satisfied that these measures, together with available resources, are sufficient to meet the charity’s going concern requirements. The Finance and Governance sub-committee reviews the position on a regular basis and continue to give its support. Trustees are confident that the charity can continue its activities for the foreseeable future, maintaining oversight of income and expenditure to respond as necessary. Accordingly, they consider it appropriate to prepare the financial statements on a going concern basis.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDING 31 OCTOBER 2025

Trustees’ responsibilities

The trustees (who are also directors of Leeds Rugby Foundation for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to the auditor

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Auditor

AAB Audit & Accountancy Limited will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

In accordance with the Company's Financial Management Policy, a resolution proposing the appointment of AAB Audit & Accountancy Limited as auditor for the year ending 31 October 2026 will be put forward at the 2026 Annual General Meeting.

In preparing this report the trustees have taken advantage of the small companies exemption provided by the Companies Act 2006.

The report was approved by the board on 28 April 2026 and signed on its behalf by:

…………………………………

P A Hill Trustee

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF LEEDS RUGBY FOUNDATION

FOR THE YEAR ENDING 31 OCTOBER 2025

We have audited the group and parent company financial statements of Leeds Rugby Foundation (the 'charity') for the year ended 31 October 2025 which comprise the group statement of financial activities (including income and expenditure account), group balance sheet, company balance sheet, group cash flow and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF LEEDS RUGBY FOUNDATION

FOR THE YEAR ENDING 31 OCTOBER 2025

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements.

The laws and regulations we considered in this context were the Companies Act 2006 together with the Charities SORP (FRS102) 2019.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF LEEDS RUGBY FOUNDATION

FOR THE YEAR ENDING 31 OCTOBER 2025

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context were Charities Commission Regulations and Health and Safety and safeguarding considerations.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be:

Our audit procedures to respond to these risks included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involved intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF LEEDS RUGBY FOUNDATION

FOR THE YEAR ENDING 31 OCTOBER 2025

Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Susan Seaman BA FCA CIOT (Senior Statutory Auditor)

For and on behalf of AAB Audit & Accountancy Limited Statutory auditor Gresham House 5-7 St Paul's Street Leeds LS1 2JG

Date: ………………………..….……….. 28th April 2026

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDING 31 OCTOBER 2025

Note
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income and endowments
Expenditure on:
Charitable activities
8
Raising funds
11
Other
12
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
23
Income and endowments from:
Net incoming/(outgoing) resources before
gains/(losses) and transfers
Total funds carried forward		 Unrestricted
funds
£
293,447
757,670
174,470
9,281
1,234,868
1,173,531
13,147
49,406		 Restricted
funds
£
36,273
240,553
-
-		 Total funds
2025
£
329,720
998,223
174,470
9,281		 Total funds
2024
£
441,621
908,873
104,769
10,709
276,826 1,511,694 1,465,972
284,725
-
-		 1,458,256
13,147
49,406		 1,416,481
15,376
24,347
1,236,084 284,725 1,520,809 1,456,204
(1,216) (7,899) (9,115)
-		 9,768
(1,216)
(1,829)		 (7,899)
1,829		 (9,115)
-		 9,768
-
(3,045)
481,623		 (6,070)
27,697		 (9,115)
509,320		 9,768
499,552
478,579 21,627 500,206 509,320

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

CONSOLIDATED BALANCE SHEET

FOR THE YEAR ENDING 31 OCTOBER 2025

Note
Tangible assets
16
Total fixed assets
Current assets
Debtors
18
Cash at bank and in hand
Total current assets
Liabilities
19
Net current assets
Total assets less current liabilities
20
Net assets
Funds
Unrestricted general fund
Restricted funds
Total funds
23
Fixed assets
Creditors:Amounts falling due after more
than one year
Creditors:Amounts falling due within one
year		 Unrestricted
funds
£
29,803
29,803
206,834
534,920
741,754
(292,978)		 Restricted
funds
£
-		 Total
funds
2025
£
29,803		 Total
funds
2024
£
49,061
-
43,372
26,943		 29,803
250,206
561,863		 49,061
127,663
626,769
70,315
(48,688)		 812,069
(341,666)		 754,432
(294,173)
448,776 21,627 470,403 460,259
478,579
-		 21,627
-		 500,206
-		 509,320
-
478,579 21,627 500,206 509,320
478,579
-		 -
21,627		 478,579
21,627		 481,623
27,697
478,579 21,627 500,206 509,320

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

and signed on its behalf by:

………………………………

P A Hill Trustee Company number: 03364718

The notes on pages 18 to 37 form part of these financial statements.

-15-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

CHARITY BALANCE SHEET

FOR THE YEAR ENDING 31 OCTOBER 2025

Note
Tangible assets
16
Investments
17
Total fixed assets
Current assets
Debtors
18
Cash at bank and in hand
Total current assets
Liabilities
19
Net current assets
Total assets less current liabilities
20
Net assets
Funds
Unrestricted general fund
Restricted funds
Total funds
22
Fixed assets
Creditors:Amounts falling due after more
than one year
Creditors:Amounts falling due within one
year		 Unrestricted
funds
£
29,803
1
29,804
196,363
427,933
624,296
(235,292)		 Restricted
funds
£
-
-		 Total
Total
funds
funds
2025
2024
£
£
29,803
49,061
1
1
29,804
49,062
239,735
157,802
454,876
576,084
694,611
733,886
(283,980)
(285,026)
410,631
448,860
440,435
497,922
-
-
440,435
497,922
418,808
470,225
21,627
27,697
440,435
497,922
-
43,372
26,943
70,315
(48,688)
389,004 21,627
418,808
-		 21,627
-
418,808 21,627
418,808
-		 -
21,627
418,808 21,627

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

and signed on its behalf by:

………………………………

P A Hill Trustee Company number: 03364718

The notes on pages 18 to 37 form part of these financial statements.

-16-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDING 31 OCTOBER 2025

2025
Note
£
£
Cash inflows from operating activities:
(i)
(57,500)
Cash flows from investing activities:
Purchase of property, plant and equipment
(7,406)
(7,406)
Change in cash and cash equivalents in the year
(64,906)
626,769
(ii)
561,863
Net cash used for investing activities
Cash and cash equivalents at 31 October
2025
Net cash generated from operating
activities
Cash and cash equivalents at 1 November 2024
(i)
Reconciliation of net income/(expenditure) to net cash from operating
Net income for the reporting period
Adjustments for:
Depreciation charges
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash generated from operating activities
(ii)
Analysis of cash and cash equivalents
Current account
Deposit account		 £
(5,564)		 2024
£
56,501
(5,564)
activities
2025
£
(9,115)
26,664
(122,543)
47,494
50,937
575,832
626,769
2024
£
9,768
25,247
(13,326)
34,812
56,501
2024
£
277,655
349,114
626,769
(57,500)
2025
£
350,340
211,523
561,863

-17-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

1 Accounting policies

General information and basis of preparation

Leeds Rugby Foundation is a private company limited by guarantee in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are detailed in the Trustees’ Report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The financial statements have been prepared on the assumption that the organisation will continue as a going concern. The trustees have approved the 2025–26 financial budget and have reviewed forecasts and financial projections for future periods, taking into account known challenges and inflationary pressures. The trustees have a reasonable expectation that the company has sufficient resources to continue operating for at least the next eighteen months. The charity’s reputation remains strong, and demand for its services continues at a high level. On this basis, the trustees consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments or disclose any material uncertainties that would arise if this basis of preparation were deemed inappropriate.

Group financial statements

The statement of financial activities and the balance sheet consolidate the financials of the charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The charity has adapted the Companies Act formats to reflect the special nature of the charity’s activities. No separate Statement of Financial Activities has been presented for the charity alone as permitted by Section 408 of the Companies Act 2006 and the SORP. Total incoming resources for the charity alone were £1,392,333 (2024: £1,477,879) and the net decrease in funds was £57,487 (2024: £59,976 increase in funds). The parent company’s deficit for the year for Companies Act purposes was £57,487 (2024: £59,976 surplus).

Funds

Unrestricted funds are incoming resources receivable or generated without further specified purpose. They are available for use at the discretion of the trustees in furtherance of the objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Transfers are made from restricted to unrestricted funds where applicable. Transfers from unrestricted funds to restricted funds are made if a project’s expenditure has exceeded income and this is not anticipated to reverse.

-18-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

1 Accounting policies (continued)

Income recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

The charity receives grants in respect of specific projects. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Donated services and facilities

Donated services and facilities are included as income and matching expenditure in accordance with the estimated value of the service and facilities provide as advised by the donor. If the services or facilities are in relation to a project for which other funding is restricted, the donated income and expenditure is accounted for as restricted. All other donated services and facilities are accounted for within unrestricted funds. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report where applicable.

Expenditure recognition

Expenditure is included in the Statement of Financial Activities on an accruals basis. Resources expended are allocated directly to a particular activity where costs relate directly to that activity. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. An analysis of these support costs is included in note 9.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities, with irrecoverable VAT being allocated as a support cost across the activities of the charity.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

Tangible fixed assets

Assets with a cost in excess of £250 intended to be of ongoing use to Leeds Rugby Foundation in carrying out its activities are capitalised as fixed assets.

Fixed assets are stated at cost or valuation less accumulated depreciation/amortisation. Depreciation and amortisation are provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment 33% straight line Plant & machinery 33% straight line Motor Vehicles 50% straight line Archie Gordon Pitch 10 years straight line

Heritage assets are stated at cost, net of any provision for impairment. They are considered to have an infinite useful economic life and therefore are not depreciated.

-19-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

1 Accounting policies (continued)

Investments

Investments in subsidiaries are measured at cost less impairment.

Grants receivable

Grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expenses useful lives of the assets concerned. Grants are only deferred when the company must fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be used in a future period.

Financial instruments

The charity only has financial assets and financial liabilities of a kind which qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Leases

Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Redundancy and termination payments are recognised as falling due at the termination date provided that a value can be reliably measured.

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

In the trading subsidiary, the tax expense represents the sum of the tax currently payable and deferred tax.

-20-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

2 Key judgements and estimation uncertainty

There are no key areas of estimation and judgement.

3 Income from donations

General Donations
Rugby League Development
Inclusion
Community
Education, Health and Wellbeing
Heritage
Netball
Total for the year ended 31 October 2025
General Donations
Rugby League Development
Inclusion
Community
Education, Health and Wellbeing
Heritage
Netball
Total for the year ended 31 October 2024		 Unrestricted
funds
£
199,460
22,609
30,128
18,000
-
8,250
15,000		 Restricted
Total funds
funds
2025
£
£
36,273
235,733
-
22,609
-
30,128
-
18,000
-
-
-
8,250
-
15,000
36,273
329,720
Restricted
Total funds
funds
2024
£
£
32,174
316,630
-
51,153
-
27,763
-
28,000
-
10,000
-
8,075
-
-
32,174
441,621
293,447
Unrestricted
funds
£
284,456
51,153
27,763
28,000
10,000
8,075
-
409,447

-21-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

4 Income from charitable activities

Rugby League Development
Grants and contracts
Services
Other income
Inclusion
Grants and contracts
Services
Other income
Community
Grants and contracts
Services
Education, Health and Wellbeing
Grants and contracts
Services
Netball
Grants and contracts
Services
Other income
Core
Services
Total for the year ended 31 October 2025		 Unrestricted
funds
£
-
160,720
-
-
32,840
-
-
337,566
-
54,315
-
144,742
-
27,487		 Restricted
Total funds
funds
2025
£
£
33,727
33,727
-
160,720
-
-
38,972
38,972
-
32,840
-
-
35,413
35,413
-
337,566
132,441
132,441
-
54,315
-
-
-
144,742
-
-
-
-
27,487
240,553
998,223
757,670

-22-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

4 Income from charitable activities (continued)

Rugby League Development
Grants and contracts
Services
Other income
Inclusion
Grants and contracts
Services
Other income
Community
Grants and contracts
Services
Education, Health and Wellbeing
Grants and contracts
Services
Netball
Grants and contracts
Services
Other income
Core
Services
Total for the year ended 31 October 2024		 Unrestricted
Restricted
funds
funds
£
£
-
22,970
142,578
-
102
-
-
63,497
1,400
-
276
-
-
100
53,140
312,679
100
112,587
63,330
-
300
135,600
214
-
656,679
252,194		 Total funds
2024
£
22,970
142,578
102
63,497
1,400
276
-
53,240
312,679
112,687
63,330
300
135,600
214
-
908,873

£82,967 (2024: £92,401) of government grants were received for specific projects. These have been recognised in line with the terms of the agreements in place and deferred where relating to later periods or unfulfilled performance criteria.

5 Income from other trading activities

Fundraising events
Charity total
Income from trading subsidiary
Total for the year ended 31 October 2025		 Unrestricted
funds
£
45,495		 Restricted
Total funds
funds
2025
£
£
-
45,495
-
45,495
-
128,975
-
174,470
45,495
128,975
174,470

-23-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

5 Income from other trading activities (continued)

Fundraising events
Charity total
Income from trading subsidiary
Total for the year ended 31 October 2024
6
Income from investments
Bank interest
Gift aid donation from trading subsidiary
Total for the year ended 31 October 2025
Bank interest
Gift aid donation from trading subsidiary
Total for the year ended 31 October 2024		 Unrestricted
funds
£
56,076
56,076
48,693		 Restricted
funds
£
-		 Total funds
2024
£
56,076
-
-		 56,076
48,693
104,769 - 104,769
Unrestricted
funds
£
9,281
10,393		 Restricted
funds
£
-
-		 Total funds
2025
£
9,281
10,393
19,674 - 19,674
Unrestricted
funds
£
10,709
60,600		 Restricted
funds
£
-		 Total funds
2024
£
10,709
60,600
71,309 - 71,309

7 Other Income

During the current and prior year there is no other income to report.

-24-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

8 Expenditure on charitable activities

Unrestricted funds
Rugby League Development
Inclusion
Community
Education, Health and Wellbeing
Netball
Heritage
Total unrestricted expenditure
Restricted funds
Rugby League Development
Inclusion
Community
Education, Health and Wellbeing
Netball
Total restricted expenditure
Total expenditure on charitable activities for the year
ended 31 October 2025		 Staff
costs
£
223,735
71,611
368,198
61,357
161,379
-		 Admin
costs
£
60,873
23,711
73,603
25,840
101,282
1,942
287,251		 Total funds
2025
£
284,608
95,322
441,801
87,197
262,661
1,942
886,280 1,173,531
48,040
40,358
48,471
132,613
5,078		 2,000
1,142
-
7,023
-		 50,040
41,500
48,471
139,636
5,078
274,560 10,165 284,725
1,160,840 297,416 1,458,256

-25-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

8 Expenditure on charitable activities (continued)

Unrestricted funds
Rugby League Development
Inclusion
Community
Education, Health and Wellbeing
Netball
Heritage
Total unrestricted expenditure
Restricted funds
Rugby League Development
Inclusion
Community
Education, Health and Wellbeing
Netball
Total restricted expenditure
Total expenditure on charitable activities for the year
ended 31 October 2024
Support costs
Rugby League Development
Inclusion
Community
Education, Health and Wellbeing
Netball
Total for the year ended 31 October 2025		 Staff
costs
£
274,919
31,473
329,866
31,877
173,252
-		 Admin
Total funds
costs
2024
£
£
60,740
335,659
20,319
51,792
58,866
388,732
20,262
52,139
100,639
273,891
7,187
7,187
268,013
1,109,400
-
35,965
12,715
65,692
12,056
66,887
6,270
132,102
-
6,435
31,041
307,081
299,054
1,416,481
Admin
Total funds
costs
2025
£
£
41,819
95,589
13,940
31,863
55,759
127,452
21,684
49,565
21,684
49,565
154,886
354,034
841,387
35,965
52,977
54,831
125,832
6,435
276,040
1,117,427
Staff
costs
£
53,770
17,923
71,693
27,881
27,881
199,148

9 Support costs

-26-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

9 Support costs (continued)

Support costs (continued)
Staff Admin Total funds
costs costs 2024
£ £ £
Rugby League Development 67,492 42,482 109,974
Inclusion 9,642 6,069 15,711
Community 84,367 53,103 137,470
Education, Health and Wellbeing 31,337 19,724 51,061
Netball 48,210 30,344 78,554
Total for the year ended 31 October 2024 241,048 151,722 392,770

Support costs refer to centrally charged expenses related to administration, IT and establishments. These are apportioned on a basis consistent with the use of the resource.

10 Governance costs

Auditor's fees
Legal and professional fees
Wages and salaries		 2025
2024
£
£
12,000
13,640
884
772
27,341
30,021
40,225
44,433

11 Expenditure on raising funds

Fundraising events
p
Total for the year ended 31 October 2025
Fundraising events
Total for the year ended 31 October 2024		 Staff
Admin
Total funds
costs
costs
2025
£
£
£
5,887
7,260
13,147
5,887
7,260
13,147
Staff
Admin
Total funds
costs
costs
2024
£
£
£
5,564
9,812
15,376
5,564
9,812
15,376
Unrestricted funds
Unrestricted funds
5,564

-27-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

12 Other expenditure

12
Other expenditure
Trading costs of subsidiary
Total for the year ended 31 October 2025
Trading costs of subsidiary
Total for the year ended 31 October 2024
13
Net income/(expenditure)
These are stated after charging:
Auditor's remuneration - charity
Auditor's remuneration - trading subsidiary
Depreciation		 Staff
Admin
Total funds
costs
costs
2025
£
£
£
34,404
15,002
49,406
34,404
15,002
49,406
Staff
Admin
Total funds
costs
costs
2024
£
£
£
11,928
12,419
24,347
11,928
12,419
24,347
Unrestricted funds
Unrestricted funds
2025
2024
£
£
12,000
13,640
1,000
800
26,664
25,247
11,928 12,419 24,347
2025
£
12,000
1,000
26,664		 2024
£
13,640
800
25,247

14 Auditor’s remuneration

The auditor’s remuneration amounts to the charity audit fee of £12,000 (2024: £11,890); the trading subsidiary has opted to prepare unaudited accounts. Other non-audit services payable by the charity were £nil (2024: £1,750) and other non-audit services payable by the trading subsidiary were £1,000 (2024: £800).

-28-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

15 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Wages and salaries
Social security costs
Employer's contribution to defined contribution pension schemes
Other staff costs		 2025
2024
£
£
961,427
953,517
96,040
77,768
27,578
23,458
1,085,045
1,054,743
116,086
80,176
1,201,131
1,134,919

Other staff costs include amounts recharged from related companies along with other costs of employment.

The average number of employees during the period, analysed by category was:

Direct charitable 2025
2024
No.
No.
38
41
38
41

The number of employees whose annual remuneration was £60,000 or more was:

2025 2024
No. No.
In the band £60,000 - £70,000 1 -
In the band £70,000 - £80,000 2 2

The key management personnel of the Group are listed on page 1. The total employee benefits of the key management personnel were £311,606 (2024: £297,254).

The trustees received no remuneration or other benefits and no expenses were reimbursed in either the current or preceding period.

The Group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. Contributions are charged to the Statement of Financial Activities in the year in which they become payable.

The pension cost charge represents contributions payable by the Group to the fund and amounted to £27,578 (2024: £23,458). Contributions totalling £6,461 (2024: £5,797) were payable to the fund at the reporting date.

-29-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

16 Tangible fixed assets – Group and Charity

Archie Gordon
pitch
Cost
£
At 1 November 2024
690,183
Additions
-
Disposals
-
At 31 October 2025
690,183
Depreciation
At 1 November 2024
658,778
Charge for year
18,899
At 31 October 2025
677,677
Net Book Value
At 31 October 2025
12,506
At 31 October 2024
31,405		 Archie Gordon
pitch
Cost
£
At 1 November 2024
690,183
Additions
-
Disposals
-
At 31 October 2025
690,183
Depreciation
At 1 November 2024
658,778
Charge for year
18,899
At 31 October 2025
677,677
Net Book Value
At 31 October 2025
12,506
At 31 October 2024
31,405		 Computer
equipment
£
38,128
3,933
-
42,061		 Plant &
Machinery
£
31,060
3,473
-
34,533
25,237
4,188
29,425
5,108
5,823		 Heritage
assets
£
6,872
-
-		 Total
£
766,243
7,406
-
773,649
690,183 6,872
658,778
18,899		 33,168
3,576		 -
-		 717,182
26,664
677,677 36,744 - 743,846
12,506 5,317 6,872 29,803
31,405 4,960 6,872 49,061

Heritage assets

Heritage assets are all held at cost and consist of historical items relating to the rugby club and held for display to the public. The charity has not obtained a valuation of its donated heritage assets. It is impracticable because given the low value of the assets held, the cost to the charity of obtaining such a valuation would outweigh the benefits gained.

Summary analysis

Purchased
Assets held at cost at 31 October 2025		 Total
£		 2017
£
2,000		 2016
2015
£
£
6,872 750
4,122

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

17 Investments – Charity

2025 2024
£ £
At 1 November 2024 and 31 October 2025 1 1

The investment relates to the charity’s investment in Leeds Rugby Foundation Services Limited (Company number: 06091052) representing 1 Ordinary share of £1 each, which is the company’s entire share capital.

The principal activity of Leeds Rugby Foundation Services Limited is to generate trading income in support of the activities undertaken by the charity. The capital and reserves of Leeds Rugby Foundation Services Limited on 31 October 2025 were £59,772 (2024: £11,400). A summary of its results for the period ended 31 October 2025 and year ended 31 October 2024 are as follows:

Turnover
Admin expenses
Operating profit
Interest receivable
Profit before taxation
Tax on profit
Profit for the financial year
Retained earnings brought forward
Distributions to parent charity under gift aid
Retained earnings carried forward		 2025
2024
£
£
128,975
47,769
(70,989)
(38,301)
57,986
9,468
779
924
58,765
10,392
-
-
58,765
10,392
11,399
61,606
(10,393)
(60,600)
59,771
11,398

18 Debtors

Trade debtors
Prepayments
Accrued income
Other debtors
Amounts owed by group undertakings		 2025
2024
£
£
195,038
90,722
12,380
9,372
35,908
27,569
6,880
-
-
-
250,206
127,663
Group		 2025
2024
£
£
195,038
90,722
12,380
9,372
35,908
27,569
6,880
-
-
-
250,206
127,663
Group		 2025
2024
£
£
166,090
90,722
12,380
9,372
35,908
27,441
6,880
-
18,477
30,267
239,735
157,802
Charity
250,206 127,663

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

19 Creditors: Amounts falling due within one year

Creditors: Amounts falling due within one year
2025
2024
£
£
Trade creditors
8,882
9,468
Other taxes and social security
35,255
20,761
Accruals
31,932
40,791
Deferred income
265,597
223,153
341,666
294,173
Group		 2025
2024
£
£
8,873
9,459
35,255
20,761
29,637
39,987
210,215
214,819
283,980
285,026
Charity
283,980 285,026

20 Creditors: Amounts falling due after more than one year

At the year-end there are no amounts falling due after more than one year.

21 Deferred income

Deferred income
Balance at 1 November
Amount released to income
Amount deferred in the period
Balance at 31 October		 2025
2024
£
£
223,153
128,871
(223,153)
(121,031)
265,597
215,313
265,597
223,153
Group		 2025
2024
£
£
214,819
128,621
(214,819)
(120,781)
210,215
206,979
210,215
214,819
Charity
265,597 223,153

Deferred income comprises of the following:

Deferred income comprises of grants received which are performance related and the criteria has not been met in order to recognise the income in the Statement of Financial Activities.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

22 Movements in funds

At 1 November
2024
£
Unrestricted funds
General fund
470,225
Restricted funds
Rugby League Development
5,363
Inclusion
-
Community
-
Education, Health & Wellbeing
1,444
Netball
-
Heritage
541
NCS
20,349
Core
-
27,697
Charity total funds
497,922
Unrestricted funds
Leeds Rugby Foundation
Services Limited
11,399
Group total funds
509,320		 At 1 November
2024
£
Unrestricted funds
General fund
470,225
Restricted funds
Rugby League Development
5,363
Inclusion
-
Community
-
Education, Health & Wellbeing
1,444
Netball
-
Heritage
541
NCS
20,349
Core
-
27,697
Charity total funds
497,922
Unrestricted funds
Leeds Rugby Foundation
Services Limited
11,399
Group total funds
509,320		 Incoming
resources
£
1,105,114
33,727
38,972
35,413
132,441
-
-
-
36,273		 Resources
expended
£
(1,165,095)
(40,246)
(38,235)
(35,413)
(134,558)
-
-
-
(36,273)		 At 31 October
Transfers
2025
£
£
8,564
418,808
1,156
-
-
737
-
-
673
-
-
-
-
541
-
20,349
-
-
1,829
21,627
10,393
440,435
(10,393)
59,771
-
500,206
27,697 276,826 (284,725)
497,922
11,399		 1,381,940
129,754		 (1,449,820)
(70,989)
509,320 1,511,694 (1,520,809)

The specific purposes for which the funds are applied during the year are as follows:

Rugby League Development

Our rugby league development plan for Leeds benefits from ongoing support of the Rugby Football League (RFL) via grants for various projects and programmes. In addition, we also benefitted from grant support provided by a charity linked to the late Leeds Rhinos Hall of Fame player, Bev Risman OBE. In the majority of cases all grants focus on supporting the growth and retention of players under the age of 18, boys and girls.

Inclusion

Our Inclusion offer continues to grow via support from RFL grants, Aspire and Young Yorkshire Achievers grants, resulting specifically in growth within our junior sections across Wheelchair, PDRL and LDRL.

Community

Leeds City Ward Councillors and their Area Committees continue to support the Foundation’s highquality, value-for-money provision in some of the city’s most deprived areas. This grant funding enables us to grow our personal development camps each year.

Education, Health and Wellbeing

Education

The support of the Youth Endowment Fund and Ministry of Justice/Home Office funding has enabled us to continue work in reducing re-offending rates, support for victims and reducing young people’s propensity to commit violent crime.

Health & Wellbeing

Working with some of the most vulnerable, and often over-looked, members of our communities and addressing their serious health inequalities has continued at pace via support from organisations such as Movember (charity), Public Health and Armed Forces Veterans grants.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

22 Movements in funds (continued)

NCS

Funds resulting from the finalisation of our NCS programme delivery will be utilised in the next financial year to specifically support and increase the delivery of our positive masculinity programmes in both school and community settings. This will be done in two waves, spring term within the school academic year and throughout our summer 2026 programmes.

Core

Ongoing funding is secured to continue our work promoting rugby union within the community.

General unrestricted funds

Unrestricted funds represent resources that may be applied at the discretion of the trustees in furtherance of any of the charity’s objectives. Where restricted funds relating to specific projects have been overspent during the year, transfers are made from the general unrestricted fund to cover the deficit and subsidise those projects.

At 1 November
2023
£
Unrestricted funds
General fund
390,930
Restricted funds
Rugby League Development
9,350
Inclusion
-
Community
-
Education, Health & Wellbeing
16,776
Netball
-
Heritage
541
NCS
20,349
Core
-
47,016
Charity total funds
437,946
Unrestricted funds
Leeds Rugby Foundation
Services Limited
61,606
Group total funds
499,552		 At 1 November
2023
£
Unrestricted funds
General fund
390,930
Restricted funds
Rugby League Development
9,350
Inclusion
-
Community
-
Education, Health & Wellbeing
16,776
Netball
-
Heritage
541
NCS
20,349
Core
-
47,016
Charity total funds
437,946
Unrestricted funds
Leeds Rugby Foundation
Services Limited
61,606
Group total funds
499,552		 Incoming
resources
£
1,132,911
22,970
63,497
53,140
112,587
-
-
-
32,174		 Resources
expended
£
(1,110,822)
(26,957)
(64,405)
(55,626)
(127,919)
-
-
-
(32,174)		 At 31 October
Transfers
2024
£
£
57,206
470,225
-
5,363
908
-
2,486
-
-
1,444
-
-
-
541
-
20,349
-
-
3,394
27,697
60,600
497,922
(60,600)
11,398
-
509,320
47,016 284,368 (307,081)
437,946
61,606		 1,417,279
48,693		 (1,417,903)
(38,301)
499,552 1,465,972 (1,456,204)

-34-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

23 Analysis of net assets between funds

Analysis of net assets between funds
Fund balances at 31 October 2025 are represented by:
Tangible fixed assets
Current assets
Current liabilities
Creditors due in more than one year
Fund balances at 31 October 2024 are represented by:
Tangible fixed assets
Current assets
Current liabilities
Creditors due in more than one year		 Unrestricted
funds
£
29,803
741,754
(292,978)
-		 Restricted
funds
£
-
70,315
(48,688)
-		 2025
Total
£
29,803
812,069
(341,666)
-
478,579 21,627 500,206
Unrestricted
funds
£
49,061
642,838
(210,276)
-		 Restricted
funds
£
-
111,594
(83,897)
-		 2024
Total
£
49,061
754,432
(294,173)
-
481,623 27,697 509,320

24 Commitments under operating leases

During the year the charity had no lease payments to report under non-cancellable operating leases.

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Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 OCTOBER 2025

25 Transactions with related parties

The trustees neither received nor waived any emoluments during the period and no expenses were reimbursed. Total donations received without condition from trustees amounted to £175 (2024: £175).

During the period Leeds Rugby Foundation received donations under gift aid of £10,393 (2024: £60,600) from its subsidiary Leeds Rugby Foundation Services Limited. Other income of £21,583 (2024: £13,954) was received from Leeds Rugby Foundation Services Limited. On 31 October 2025 £18,477 (2024: £30,267) was due to the charity from Leeds Rugby Foundation Services.

Leeds Cricket, Football and Athletic Company Limited is a company of which trustees, J D P JonesBuchanan, S M Ward and N A Wilson are directors. During the period income of £828 (2024: £nil) was received by the charity from Leeds Cricket, Football and Athletic Company Limited. During the period Leeds Cricket, Football and Athletic Company Limited charged the charity £38,250 (2024: £69,992) for services and other charges. At the period end the charity owed £460 (2024: £nil) to Leeds Cricket, Football and Athletic Company Limited and Leeds Cricket, Football and Athletic Company Limited owed £nil (2024: £nil) to the charity.

During the period Leeds Rugby Foundation Services received income of £19,990 (2024: £nil) from Leeds Cricket, Football and Athletic Company Limited and was charged £8,039 (2024: £nil) by Leeds Cricket, Football and Athletic Company Limited. At the period end Leeds Rugby Foundation Services owed £nil (2024: £nil) to Leeds Cricket, Football and Athletic Company Limited and Leeds Cricket, Football and Athletic Company Limited owed £19,990 (2024: £nil) to Leeds Rugby Foundation Services.

Leeds Rhinos Netball Limited is a company of which J D P Jones-Buchanan is a director. M Pexton and M Birkinshaw were directors during the period but resigned on 2 November and 5 November 2025 retrospectively. During the period income of £4,389 (2024: £nil) was received by the charity from Leeds Rhinos Netball. During the period Leeds Rhinos Netball charged Leeds Rugby Foundation £45,376 (2024: £48,000) for services provided. At the period end, Leeds Rhinos Netball owed the charity £nil (2024: £nil) and the charity owed Leeds Rhinos Netball £nil (2024: £nil).

RAM Films Limited is a company of which trustee J D P Jones-Buchanan is a director. During the period RAM Films Limited charged Leeds Rugby Foundation £2,438 (2024: £1,800). At the period end the charity owed RAM Films Limited £nil (2024: £nil).

During the period RAM Films Limited was charged £12,000 (2024: £nil) by Leeds Rugby Foundation Services. At the period end RAM Films Limited owed Leeds Rugby Foundation Services £nil (2024: £nil).

Chadwick Lawrence LLP is a partnership of which trustee N A Wilson is a managing partner. During the period Chadwick Lawrence LLP was charged £1,845 (2024: £702) by Leeds Rugby Foundation. During the period Chadwick Lawrence LLP charged Leeds Rugby Foundation £nil (2024: £1,431). At the period end, Chadwick Lawrence LLP owed the charity £nil (2024: £nil) and the charity owed Chadwick Lawrence LLP £nil (2024: £nil).

During the period Chadwick Lawrence LLP was charged £9,000 (2024: £7,200) by Leeds Rugby Foundation Services. At the period end Chadwick Lawrence LLP owed Leeds Rugby Foundation Services £nil (2024: £nil).

Leeds Community Foundation is a registered charitable organisation of which trustee S Taylor is the Chief Executive Officer. During the year the charity recognised a grant of £10,944.

There are no other related party transactions.

-36-

Docusign Envelope ID: A35EBB31-DCEE-84FC-827E-9E542357B077

LEEDS RUGBY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 OCTOBER 2025

26 Financial instruments

The carrying amounts of the charity’s financial instruments are as follows:

2025
2024
£
£
Financial assets
Debt instruments measured at amortised cost:
Trade debtors (note 18)
195,038
90,722
Amounts owed by group undertakings (note
18)
-
-
Other debtors (note 14)
6,880
-
Cash at bank and in hand
561,863
626,769
763,781
717,491
Equity instruments measured at cost less
impairment:
Fixed asset unlisted investments (note 17)
-
-
-
-
Financial liabilities
Measured at amortised cost:
Trade creditors (note 19)
(8,882)
(9,468)
(8,882)
(9,468)
Group		 2025
2024
£
£
Financial assets
Debt instruments measured at amortised cost:
Trade debtors (note 18)
195,038
90,722
Amounts owed by group undertakings (note
18)
-
-
Other debtors (note 14)
6,880
-
Cash at bank and in hand
561,863
626,769
763,781
717,491
Equity instruments measured at cost less
impairment:
Fixed asset unlisted investments (note 17)
-
-
-
-
Financial liabilities
Measured at amortised cost:
Trade creditors (note 19)
(8,882)
(9,468)
(8,882)
(9,468)
Group		 2025
2024
£
£
Financial assets
Debt instruments measured at amortised cost:
Trade debtors (note 18)
195,038
90,722
Amounts owed by group undertakings (note
18)
-
-
Other debtors (note 14)
6,880
-
Cash at bank and in hand
561,863
626,769
763,781
717,491
Equity instruments measured at cost less
impairment:
Fixed asset unlisted investments (note 17)
-
-
-
-
Financial liabilities
Measured at amortised cost:
Trade creditors (note 19)
(8,882)
(9,468)
(8,882)
(9,468)
Group		 2025
2024
£
£
166,090
90,722
18,477
30,267
6,880
-
454,876
576,084
646,323
697,073
1
1
1
1
(8,873)
(9,459)
(8,873)
(9,459)
Charity		 2025
2024
£
£
166,090
90,722
18,477
30,267
6,880
-
454,876
576,084
646,323
697,073
1
1
1
1
(8,873)
(9,459)
(8,873)
(9,459)
Charity
763,781 717,491 646,323 697,073
- - 1 1
- - 1 1
(8,882) (9,468) (8,873) (9,459)
(8,882) (9,468) (8,873) (9,459)

27 Members

The liability of members is limited to a guarantee of £10 each if the charitable company is wound up during membership or within one year after ceasing to be a member. As at 31 October 2025 there were ten (2024: ten) members.

-37-